KLG Stock +78.58% In 3 Months Since We Picked KLG Stock +78.58% In 3 Months Since We Picked Unlock All Top Buy Picks
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of COHR
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Coherent stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)

Hold candidate since Apr 26, 2024 PDF

The Coherent stock price gained 4.12% on the last trading day (Friday, 26th Apr 2024), rising from $52.88 to $55.06. During the last trading day the stock fluctuated 4.76% from a day low at $53.13 to a day high of $55.66. The price has been going up and down for this period, and there has been a 2.72% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $142.85 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.32% during the next 3 months and, with a 90% probability hold a price between $47.45 and $63.34 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

COHR Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.77%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Coherent stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $57.46. On a fall, the stock will find some support from the short-term average at $52.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Coherent stock

On the downside, the stock finds support just below today's level from accumulated volume at $49.42 and $49.26. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Coherent finds support just below today's level at $49.42. If this is broken, then the next support from accumulated volume will be at $49.26 and $48.69.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.53 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 4.54%.

Our recommended stop-loss: $52.78 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (COHR) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Coherent to open at $54.62, and during the day (based on 14 day Average True Range), to move between $52.76 and $57.36, which gives a possible trading interval of +/-$2.30 (+/-4.18%) up or down from last closing price. If Coherent takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $58.00 (5.34%) than the support at $49.42 (10.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Coherent stock A Buy?

Coherent holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.677 Hold/Accumulate Upgraded

Predicted Opening Price for Coherent of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$54.62 ( 0.81%) $55.06

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for COHR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 57.15 3.79 %
R2 56.18 2.03 %
R1 55.58 0.95 %
Current price: 55.06
Support S1 53.65 -2.56 %
S2 53.05 -3.64 %
S3 52.09 -5.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 61.89 12.40 %
R2 61.81 12.26 %
R1 58.00 5.34 %
Current price 55.06
Support S1 49.42 -10.24%
S2 49.26 -10.53%
S3 48.69 -11.57%

COHR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 10, 2012 Dec 17, 2012 Dec 27, 2012 $1.00 5.49%

FAQ

What is the symbol for Coherent Stock and on which exchange is it traded?
The symbol for Coherent is COHR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Coherent Stock?
Coherent holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Coherent Stock?
Coherent Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Coherent Stock.

What's the current price of Coherent Stock?
As of the end of day on the Apr 26, 2024, the price of an Coherent (COHR) share was $55.06.

What is the 52-week high and low for Coherent Stock?
The 52-week high for Coherent Stock is $67.94 and the 52-week low is $26.29.

What is the market capitalization of Coherent Stock?
As of the Apr 26, 2024, the market capitalization of Coherent is 8.359B.

When is the next earnings date for Coherent?
The upcoming earnings date for Coherent is May 06, 2024.
Click to get the best stock tips daily for free!

About Coherent

Coherent Coherent, Inc. supplies photonics-based solutions for a range of commercial and scientific research applications worldwide. It operates through two segments: Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. Its products are used in markets, such as microelectronics, materials processing, original equipment ma... COHR Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT